February 4, 2013

 
  • Facebook testing 50 Day SMA.
  • Price has broken below 23.6% Fib level and may test 38.2% Fib level.
  • Hour chart shows price below 50 and 200. Possible support line in one hour chart may help bulls with an intraday up move. 
  • ES BROADENING PATTERN
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  • ES 4 Hour chart near Ichimoku cloud and 50 Period SMA. Taking support here may result in an up move.
  • Breaking below 50 period SMA Will take ES towards the support line of the wedge pattern.
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  • Crude oil weekly chart shows crucial resistance level at 100.41. This level may not be achieved if the Upper bollinger band shown in second chart works well.
  • Crucial support at 100 Week SMA. Weekly close below 100 Week SMA may cause a bigger correction.
  • FORD CHART ANALYSIS
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  • FORD Daily chart shows price trying to form a bottom near 50 Day SMA.
  • Weekly time frame shows price testing the crucial level at 13.05. Price sustaining below 13.05 may strengthen bears further. Rising support line from 8.82 levels may act as crucial support if the fall continues.
  • Price testing 38.2% Fib level. Holding above it may lead to an up move.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
  • APPLE WEEKEND UPDATE
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  • 4 Hour chart shows price trying to take support at 100 period sma.
  • 4 Hour char with fib level shows price trying to stay above 23.6% Fib level. If these two levels are held we may see another up move.

  • Immediate support in daily chart is the 50% Fib level at 5967. 
  • Golden ratio and 50 Day SMA at 5933.
  • Weekly chart shown with the up trend line. If the correction continues price is likely to test the 5 Day low EMA(5950) or the Up trend line.
  • NIFTY 50 STOCKS FREE LIVE CHARTS
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  • First chart shows Weekly chart of JP Morgan Chase approaching previous resistance level.
  • As price approach resistance level weekly RSI is showing negative divergence. Price yet to show weakness yet.
  • Last chart shows price in a smooth up trend above the trend line. Weakness on price breaking this up trend line.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
  • APPLE WEEKEND UPDATE
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore